PBP Options History — September 2021

In September 2021, PBP traded between $22.86 and $23.41. ATM implied volatility averaged 30.9%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 24.9% (HV 20d: 5.9%). Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2021-09-03: Highest Volume — 2 contracts
  • 2021-09-13: Largest IV spike — 141.8% change
  • 2021-09-30: Highest IV Rank — 20.1%
  • 2021-09-30: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.24$22.86$23.41$23.33$22.93
ATM IV30.9%10.7%48.5%32.8%48.5%
Expected Move8.3%3.1%13.9%9.4%13.9%
HV 20d5.9%3.7%9.6%3.9%9.6%
HV 60d16.2%15.5%17.0%17.0%15.9%
IV Rank9.6%0.0%20.1%7.9%20.1%
IV Percentile13.6%0.0%24.2%15.7%24.2%
Term Structure-8.7%-18.7%4.0%-10.8%-18.7%
Skew 25d3.6%-17.5%24.0%10.7%0.1%
Skew 10d10.1%1.0%20.6%12.1%1.4%
Call IV 25d27.2%14.4%42.0%31.7%40.0%
Put IV 25d30.8%15.5%58.9%42.4%40.1%
Bid-Ask Spread %139.26129.14152.34152.34150.60
Gamma HHI0.500.500.500.500.50
Net GEX-112-15900-113
Net DEX2.2K02.8K02.7K
Net VEX-10-1200-12
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0950200
Total OI1.6190202

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$23.33$0.0032.8%9.4%3.9%7.9%0.0%10.7%-10.8%0000.00152.34N/AN/A0000
2021-09-02$23.32$0.0029.1%5.4%3.9%5.8%0.0%1.5%-6.2%0000.00137.57N/AN/A0000
2021-09-03$23.35$0.0035.0%6.5%3.7%9.1%0.0%4.3%-4.5%0000.00138.41N/AN/A0200
2021-09-07$23.34$0.0041.4%6.8%3.8%12.7%0.0%2.5%-6.1%0000.00139.21N/AN/A0000
2021-09-08$23.31$0.0021.6%6.2%3.8%1.6%0.0%-3.0%-6.0%-1552.7K-120.00137.89N/AN/A0002
2021-09-09$23.36$0.0021.4%6.1%3.9%1.2%0.0%4.7%-5.2%-1592.7K-120.00133.32N/AN/A0002
2021-09-10$23.29$0.0010.7%3.1%4.1%0.0%0.0%1.2%-1.5%-1552.7K-120.00129.44N/AN/A0002
2021-09-13$23.32$0.0025.9%7.4%3.9%8.1%0.0%2.8%-6.4%-1362.6K-120.00139.18N/AN/A0002
2021-09-14$23.29$0.0026.4%7.6%3.8%8.3%0.0%2.8%-7.7%-1462.7K-120.00140.15N/AN/A0002
2021-09-15$23.38$0.0023.9%6.8%3.9%7.0%0.0%3.0%-8.7%-1512.7K-120.00131.63N/AN/A0002
2021-09-16$23.41$0.0018.4%5.3%3.9%4.1%0.0%-4.5%4.0%-1482.6K-120.00129.14N/AN/A0002
2021-09-17$23.27$0.0027.3%7.8%4.6%8.8%0.0%11.2%-6.6%-1392.7K-120.00141.21N/AN/A0002
2021-09-20$22.86$0.0028.7%8.2%7.8%9.5%0.0%7.5%-7.4%-1272.8K-110.00138.89N/AN/A0002
2021-09-21$23.01$0.0036.7%10.5%7.7%13.8%0.0%11.1%-14.4%-1172.7K-120.00146.27N/AN/A0002
2021-09-22$23.13$0.0029.7%8.5%7.9%10.1%0.0%10.5%-8.4%-1322.7K-120.00141.64N/AN/A0002
2021-09-23$23.30$0.0030.2%8.7%8.4%10.4%0.0%2.5%-8.9%-1492.7K-120.00140.95N/AN/A0002
2021-09-24$23.35$0.0030.9%8.8%8.4%10.7%0.0%11.5%-9.2%-1382.6K-120.00140.35N/AN/A0002
2021-09-27$23.31$0.0045.6%13.1%8.4%18.5%0.0%24.0%-17.1%-1292.6K-120.00135.55N/AN/A0002
2021-09-28$23.05$0.0046.7%13.4%9.3%19.1%0.0%-17.5%-16.7%-1402.8K-120.00142.42N/AN/A0002
2021-09-29$23.10$0.0037.0%10.6%9.3%14.0%0.0%-10.7%-16.9%-1252.7K-120.00138.37N/AN/A0002
2021-09-30$22.93$0.0048.5%13.9%9.6%20.1%0.0%0.1%-18.7%-1132.7K-120.00150.60N/AN/A0002